Prepare the payroll of each of them and the financial nature

Assignment Help Accounting Basics
Reference no: EM132709429

Laura Moore has recently left her job as a Graphic Designer to open her own Company; a Graphic Design Agency dedicated to the creation and design of apps for mobile devices. Laura has decided to be self-employed.

To do so, she will have her business premises, which belongs to her father, in Barcelona downton and she will have to hire:

- A visual designer
- A developer
- An administrative assistant

1. To hire the administrative assistant, Marta has decided to offer an indefinite contract. It is her first employee that she will hire and this has a recognised degree of disability of 37%. Explain to Marta what bonuses and reductions could be applied in the hiring of the administrative and what type of contract should do exposing its main characteristics. You must prepare the work contract of the Administrative Assistant in the corresponding official model.

Once the contract has been drafted and completed according to Spanish regulations, you must specify in detail the differences of this if it had been made in the United Kingdom.

2. We know the salaries agreed with two of the workers.
It develops the different steps to follow to prepare the payroll of each of them and the financial nature of each of the items involved:

a. Administrative Assistant. Three months seniority. He has an indefinite work contract, base salary: € 1,500. Collective bargaining: € 50.
He has two extraordinary six-month accrual pays and receives them on 06/30 and 12/31 of each year for an amount equal to the base salary. He has a disability of 37% and is single without children. He has made two overtime hours that month at a rate of € 15/h.

b. Visual designer. 2 months seniority. He has a temporary contract.
Base salary: € 1,950. Collective bargaining: € 100. Productivity: € 6 / day. It has two extraordinary six-month accrual payments and receives them apportioned each month. He is married and has a 9-year-old son (his spouse receives income of over € 1,500/year).

Once you have developed all the steps to follow in each case and the amount of the items, make the official payroll of the administrative assistant.

3. A year and a half after being hired, the administrative officer requests a period of leave of six months due to personal reasons.
Make the severance taking into account that:

- The leave is granted from July 25th.
- The worker has 10 days of vacations pending.
- During the month of July he made a total of 6 overtime hours

You must specify the conditions of the periods of leave in Spain and compare them with the terms of one of the countries studied; UK, United States or Canada (you can choose the country you want).

Attachment:- Final Project MIF.rar

Reference no: EM132709429

Questions Cloud

Explain the process of revising diversity policy : Explain the process of revising Diversity Policy and plan of the organisation.
How do managers differ from non-managerial employees : Suppose that you are going to start a business set up in order to accomplish certain objectives (So first of all think about any hypothetical business idea
Determine the earnings per share of common stock : Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $1,000,000, (b) $3,000,000
Establish one kpi : Review your position description (Appendix 1) and the organisation's business plans, business goals, and policies and procedures.
Prepare the payroll of each of them and the financial nature : Explain to Marta what bonuses and reductions could be applied in the hiring of the administrative and what type of contract should do exposing
Identify market trends for products of colesworth : Describe the process of how you will identify market trends for the products of Colesworth.
What would be an approximate market price per share : If the common stock had a market price of $540 per share before the stock split, what would be an approximate market price per share after the split
Discuss how the err system score is developed : Discuss how the ERR (Environemntal Risk Rating) System score is developed. What are the uses of this score? Explain? Use examples to explain your answer.
Sources of conflict in the workplace : Analyse and discuss the common types and sources of conflict in the workplace

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd